When composing a demat account closure letter, it's essential to clearly state the intention to close the account, provide the necessary account details, specify the reason for closure, and request the appropriate action, such as returning any leftover balance. Politeness, clarity, and inclusion of all essential information are key for an effective letter.
Sample Application for Closing Demat Account - Request Letter for Closure of Demat Account
To,
The Manager,
____________ (Name of the Company/Bank)
____________ (Address)
Date: __/__/____ (DD/MM/YYYY),
Subject: Application for Closing Demat Account having Client ID: _________ (Client ID)
Respected Sir,
I, ____________(Name) hold a Demat Account having ____________ (Demat Client ID/Customer ID) issued by your company. I am writing this letter to request you to close my demat account bearing ____________ (Demat Client ID/Customer ID). The reason for closure is due to ___________ (reason for closing demat eg. not required/ poor service/any other reason).
Demat details are mentioned below:
Client ID: ____________
Registered Mobile Number: ____________
Please return the leftover balance once Demat is closed through ____________ (demand draft/cash/cheque/NEFT) as per company norms. I am authorizing to debit charges from the linked account (if any)
As per requirement, I am enclosing demat ___________ (closure form, KYC, other documents if applicable) with the application.
Thanking you,
Kind regards,
____________ (Name)
____________ (Address)
____________ (Contact Number)
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Sandeep Bhandari